As seniors, we live on a tight budget, and every penny counts. We have planned our months and usually, it goes without any mishaps. Then come the holidays. Christmas is the worst season when it comes to spending money. So, here are five ways of enjoying the holidays without money worries. Set a Limit on […]
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Older adults face a number of challenges as they age. One of these challenges is handling finances. These issues include how to pay for medical expenses and how to maintain their lifestyle on a fixed income. Here are a few financial tips for seniors on how to handle their money matters.
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Whether you plan to travel for the holidays, or you’re daydreaming about a summer getaway, traveling in your 50’s and beyond is an exciting time for adventure. Maybe you’re an empty nester, or recently retired, but wherever you find yourself, now is the perfect time to pull out the map, and start setting some goals. […]
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For some older adults, retirement does not mean playing golf all day and sipping iced tea at the beach. For these older adults, it means continuing working after retirement. This is because, some retirees, although they don’t want to work, do so for financial reasons. Here are some of these financial reasons. Inadequate savings – […]
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Making the decision of the age of claiming social security benefits can be difficult. Should you do it as soon as you retire or wait longer so that you can get larger monthly checks? It is important to consider your options before you make your move because once you do it, there is no going […]
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If you have decided to buy a home to retire to, it is time to act fast and get your mortgage. But wait! Things have changed significantly since the time you may have walked into a bank and gotten a mortgage for your first home. Did you know there are several types of mortgages? Which […]
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You’re 62 and have substantial equity in your home to tap into, but may be wondering where to go from here? Once you’ve satisfied the eligibility requirements for a HECM and found a lender that will help set your financial goals into action, it’s time to apply for your loan. We’ve learned how a Home […]
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If you are close upon retirement, or if you have already retired, you may be considering purchasing a home. There are some great homes on the market, and you need to strike when the prices are down. However, this does not mean you should place your bid immediately. Instead, here are a few simple tips […]
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